A Bitcoin OG is like the godfather of crypto - they've been around since the early days, they've seen some shit, and they have the scars (and the Lambos) to prove it.
Bitcoin OGs are the ones who were miningBitcoin on their old Dell laptops back in 2010, the ones who remember when Mt. Gox was the only game in town, the ones who have been through more bull and bear cycles than a rodeo clown.
They're like the grizzled veterans of the crypto world, and they've got the HODL tattoos to prove it.
Example
"I ran into this Bitcoin OG at a conference the other day. He had so many war stories, I felt like I was listening to a podcast."
"You think you've got diamond hands? Talk to a Bitcoin OG - they've been holding since before you were born."
Bitcoin Inscriptions is like drawing a mustache on the Mona Lisa - it's a way to add a bit of flair to your boring old Bitcoin transactions.
Basically, you can use special software to write little notes or doodles directly onto the Bitcoinblockchain, kind of like a high-tech version of carving your initials into a tree.
Some people use them for serious stuff, like notarizing documents or leaving messages for future generations. But let's be real, most people just use them to draw poop emojis.
Example
"Did you hear about the guy who proposed to his girlfriend using a Bitcoin Inscription? I guess romance isn't dead after all."
"I just saw a Bitcoin Inscription that said 'Epstein didn't kill himself.' Man, people will use any platform to spread conspiracy theories."
A Bitcoin Improvement Proposal, or BIP, is like a suggestion box for Bitcoin - but instead of ideas like "Pizza Fridays!" or "No more TPS reports!", it's full of super technical proposals for how to improve the Bitcoin protocol.
BIPs are kind of like the nerd version of a Senate bill - they go through a whole process of being drafted, reviewed, and debated before they can be implemented. Some BIPs are game-changers, like SegWit or Taproot. Others just kind of fizzle out, like my idea for "BitcoinDoge" (it was ahead of its time, okay?).
Example
"Did you hear about the latest BIP? It's supposed to fix that pesky transaction malleability issue once and for all."
Bitcoin dominance is like the king of the crypto hill - it's the percentage of the total cryptomarket cap that belongs to Bitcoin.
It's kind of like if you were at a party, and everyone was talking about how cool they were - but then the host walked in, and suddenly everyone realized they were just a bunch of wannabes. That's what Bitcoin's like - it's the biggest, baddest crypto there is, and all the altcoins are just trying to bask in its glory.
Example
"Bitcoin dominance has been pretty steady lately, hovering around 60%. But just wait until the next bull run - it'll probably shoot up faster than a rocket to the moon."
Bitcoin Core is like the OG version of Bitcoin - it's the software that started it all, the granddaddy of all crypto. It's like the Atari of the blockchain world.
Bitcoin Core is the reference implementation of the Bitcoin protocol. It's maintained by a group of volunteer developers who pretty much eat, sleep, and breathe Bitcoin. They're like the Jedi Knights of crypto, defending the galaxy from the dark side of centralization.
Example
"I just downloaded the latest version of Bitcoin Core. I'm gonna run a full node and do my part to secure the network."
"Whenever there's a new Bitcoin Core update, I always double-check the PGP signatures. Can't be too careful these days."
The bid-ask spread is the crypto version of "Buy low, sell high!" It's the difference between the highest bid price and the lowest ask price for a particular token or coin.
A wide bid-ask spread can be a real pain in the booty, especially if you're trying to trade low-volume tokens. It's like trying to cross a river by hopping from rock to rock, only the rocks are greased up with butter.
Good luck with that.
Example
"The bid-ask spread on this new DeFi token is so wide, you could drive a Lambo through it."
"I've been staring at the order book for hours, waiting for the bid-ask spread to tighten up. I'm starting to go cross-eyed."
The bid price is the crypto equivalent of ""Name your price!"" It's the highest amount a buyer is willing to shell out for a token or coin.
In a way, it's like being at an auction, but instead of waving around a little paddle, you're just furiously typing numbers into a computer.
If you're trying to sell your crypto, you'll want to pay close attention to the bid price.
The higher the better, obviously - unless you're one of those people who likes to buy high and sell low. In which case, maybe just stick to collecting Beanie Babies.
Example
"I've been watching the bid price for my favorite altcoin all day. I'm waiting for it to hit 0.69 ETH before I sell. Nice."
"The bid price is so low right now, you'd think people were trying to buy bags of dirt instead of digital gold."
